Kabel Deutschland, in a statement Monday, said its management and supervisory boards "welcome this announcement."

Kabel Deutschland said last week it had been approached about a potential merger from Liberty Global ( LBTYA).

5. -- Edward Snowden, the leaker who exposed National Security Agency surveillance programs, has asked for political asylum in Ecuador. He was allowed to leave Hong Kong on Sunday morning and head to Moscow on a commercial flight despite requests from the U.S. that he be arrested in Hong Kong, according to reports.

Snowden is expected to make his way to Ecuador via Cuba, reports said.

The funding will be launched on Monday at an afternoon lender call that Icahn, the activist investor, is expected to join, the sources said.

Icahn last week offered to buy up to $16 billion in Dell shares at $14 a share, or roughly 72% of the company's total shares, as he tries to improve upon a $13.65-a-share takeover offered by Silver Lake Partners and founder Michael Dell that has full support from Dell.

The award size will depend on how well the stock has performed over a three-year period.

8. -- Sonic ( SONC), the chain of quick-service drive-in restaurants, is expected by analysts to report on Monday fiscal third-quarter earnings of 26 cents a share on revenue of $147.7 million.

9. -- Facebook ( FB) said a bug in its system caused contact information for 6 million users to be inadvertently exposed.

The social media giant said a bug allowed users' contact information, like email addresses or phone numbers, to be accessed by other users who either had some contact information about that person or some connection to them.

Facebook said that the problem was tied to its "Download Your Information" tool.

10. -- Walt Disney's ( DIS) Monsters University was the weekend box-office winner, according to studio estimates. The film debuted in first place with $82 million, beating out World War Z and Man of Steel.